Pigu.lt Marketplace launches new commissions model: better conditions for sellers and customers

From 1 September, the Pigu.lt Marketplace will offer even better conditions for selling online. Pigu.lt introduces a new commissions calculation model for sellers, with reduced commissions for all product categories and even more attractive conditions for well-known premium brands products. At the same time, this means good news for customers – they can expect better prices and an extended range of products.

The implementation of the new commissions model took several months. This is one of the most important projects Marketplace has undertaken in recent years. It has several key objectives focused on meeting the needs of sellers and customers.

"First and foremost, the aim of this project is to make our Marketplace the best place to trade in the Baltics and Finland. Lower commissions enable sellers to be competitive, to sell more and to earn more. And considering the whole marketplace infrastructure, the services and opportunities which we provide for sellers, I can confidently say that Pigu.lt Marketplace is currently the best and cheapest place to sell online in Baltics and Finland," says Jakub Stefanski, Head of Pigu.lt Marketplace.

The second goal of the project is to meet the needs of customers by expanding the range of products and offering premium products at competitive prices.

"We want all customers to find what they need in our online shopping center, whether they are looking for economy products or well-known premium brands. Our most important aim is to provide the best shopping experience for all our customers – in terms of assortment, prices and delivery," says J. Stefanski.

"So, in order to increase the number and range of well-known premium brands, we have introduced a new method of calculating commissions for this category of products. From 1 September, the commission rate will vary depending on the price of the product. Take the watch category for example – the commission used to be 15%, now it has been reduced to 10%, but if an item costs more than €500, it will only be subject to a 5% commission fee. We hope that these innovations will encourage sellers to offer more premium brands on Pigu.lt Marketplace and thus fulfill customers needs," J. Stefanski explained the new commission model.

Commissions will be automatically recalculated in the Pigu.lt Marketplace system, without any additional steps for sellers. Commissions for all product categories are announced in the Seller console and publicly available online – the final list of commissions is published here.